How To Create Multiple Revenue Streams
CRAFTED Millionaire
Cayla Craft
4.9 • 1.3K Ratings
🗓️ 13 January 2023
⏱️ 31 minutes
🧾️ Download transcript
Summary
One of the things that all millionaires and billionaires have in common is that they earn money in their sleep through multiple revenue streams. I'm sharing a roadmap for how to diversify your income and get your money working for you instead of losing value with it sitting in the bank.
I break down how to get started with investing and look back on some of the expensive lessons I’ve learned along the way. I also list out different investments and business actions you can take today in order to build extreme wealth.
IN THIS EPISODE, WE TALK ABOUT:
- How I started to educate myself on personal finance
- Why it’s so important to only invest in things that are truly in alignment with your values
- The three main areas that I like to invest in (and why!)
- What to look for when partnering with a financial advisor
- Creative ways to add value to your brand
RESOURCES
- Learn more about the upcoming Mommy Millionaire mastermind: mommymillionaire.co
- Episode 417. Why Storage Units Are A Great Investment
- Secrets of the Millionaire Mind by T. Harv Eker
- Unshakeable by Tony Robbins
- Acorns app
- Turo app
CONNECT WITH CAYLA
Follow Mommy Millionaire: @mommymillionaire.co
Follow Cayla: @cayla.craft
Visit the Mommy Millionaire website: mommymillionaire.co
Transcript
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| 0:00.0 | The thought of investing can be truly intimidating because there's this really |
| 0:05.0 | common misconception that when you invest, you've got to take a big leap or it's not worth it. |
| 0:10.2 | But seasoned investors know and they recommend starting small and beginning with the sum of money |
| 0:17.2 | that you can afford to lose. And then once you've gained a better understanding of how to |
| 0:22.8 | balance your investing portfolio, you can begin to start investing large sums of money |
| 0:28.0 | or venturing to different investment avenues. |
| 0:33.7 | Hello and welcome to the Mommy Millionaire Show. This is your host Kayla Crafts. |
| 0:39.3 | I am a mom of three multi-millionaire master, life coach and money mindset queen. |
| 0:46.0 | I am so happy and thankful that you're here. I am actually on a mission to help one million |
| 0:52.1 | women make a million dollars or more a year that could be you. Every week I'm bringing you |
| 0:59.2 | inspiring stories to help you feel empowered to broaden your horizon to gain clarity and |
| 1:06.7 | strategy on living your best life. Over at Mommy Millionaire, we pursue our lives with purpose |
| 1:14.2 | and love and the riches always follow. So stay tuned because I'm bringing you episodes twice |
| 1:20.9 | a week. I believe you are your biggest asset. So let's build you up today. Let's get into it. |
| 1:30.1 | Welcome to Mommy Millionaire, the podcast for ambitious self-made moms, both present and future, |
| 1:36.8 | seeking financial freedom and generational wealth. When it comes to business, |
| 1:41.6 | Warren Buffett is perhaps the smartest, most diversified entrepreneur of our time. He has |
| 1:48.6 | ownership in over 40 companies. He has personal stock picks, investments and countless other |
| 1:55.9 | money making endeavors. His net worth is over 67 billion dollars and counting. The key to Buffett |
| 2:04.2 | success, I really think is his ability to create multiple revenue streams. It boosts his bottom |
| 2:11.2 | line and protects his interest. Now, I'm not saying that you have to be a billionaire to generate |
| 2:16.9 | multiple revenue streams. In fact, after studying millionaires, most of them started off as |
... |
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